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HSBC Elhedery Predicts HK to Become Largest Offshore Center by 2028
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HSBC HOLDINGS (00005.HK) CEO Georges Elhedery said at the Global Financial Leaders' Investment Summit that China's wealth growth is among the fastest in the world, which drives offshore wealth transactions in Hong Kong.

Elhedery predicted that Hong Kong will become the largest offshore center managing assets of around US$3.2 trillion by 2028, surpassing Switzerland's around US$3.1 trillion.

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